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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Assisted living facilities
1000 15th St Boca Raton, FL 33486-1331
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-3972064
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Construction
CONCRETE
Total area
19,470 SF
Lot
1 ac (43,630 SF)
Zoning code
MC
APN
06-42-47-24-20-001-0000
UPID
US18-3972064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
A Abuse Addiction Agency Pharmacy
-
SANDEEP MENDIRATTA Physician
-
Banyan Boca Medical Clinic
-
Simon Sibyl K MD Physician
-
Banyan Mental Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
Boca Recovery Institute LLC · 9 yrs held
Boca Recovery Institute LLC
since 2017
7 recorded transactions
Zoning & alternative use
MC · Boca Raton, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Boca Raton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boca Raton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,003
Tax year 2023
Assessed value
$3,364,066
Assessed 2023
Previous assessed
$3,236,848
+3.9% YoY
Effective rate
1.87%
On assessed value
Assessed land
$1,003,467
Assessed improvement
$2,360,599
Land market value
$1,003,467
Improvement market value
$2,360,599
Total market value
$3,364,066
Applied tax rate
6,154.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
67
Total area
19,470 SF
Lot
1 ac (43,630 SF)
Zoning code
MC
APN
06-42-47-24-20-001-0000
UPID
US18-3972064
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MC · Boca Raton, FL
Zoning MC · permitted uses
MC · Boca Raton, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Boca Raton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
67
Lot
1 ac
Current owner
From public records · entity-resolved
Boca Recovery Institute LLC
Entity
Mailing address
950 N FEDERAL HWY STE #115, POMPANO BEACH, FL 33062-4314
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
—
Boca Recovery Institute LLC
—
Grant Deed
related
$20,000,000 · City Nat'l Bk/fl
Dec 12, 2017
—
Boca Recovery Institute LLC
—
Grant Deed
related
$7,410,000 · City Nat'l Bk/fl
Jan 18, 2017
$5,800,000
Boca Recovery Institute LLC
B & L Associates LLC
Warranty Deed
—
Nov 23, 1998
$1,250,000
B & L Associates LLC
Tanuki Realty Corp Estate
Grant Deed
—
—
—
B & L Associates LLC
—
Deed Of Trust
related
$500,000 · First Union National Bank
—
—
B & L Associates LLC Of Delaware
—
Deed Of Trust
related
$1,000,000 · Wachovia Bank NA
—
—
Banyan Sober-living III LLC
—
Deed Of Trust
related
$27,700,000 · Amerant Bk NA
—
—
Boca Recovery Institute LLC
—
Deed Of Trust
related
$4,000,000 · City Nat'l Bk/fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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